Recent strikes have sent oil prices climbing again, with average gas price per gallon up by $0.70 compared with 2025 Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly staying under 3% since mid-2024, CPI reached a three-year high of 4.2% in May – up from 2.4% in February. Month-over-month, CPI fell 0.8% in June, the largest one-month decrease since April 2020. Continue reading... from The Guardian https://ift.tt/eHywGU9 via IFTTT
A huge New Glenn rocket successfully took off to place two spacecraft in orbit for a later boost to the red planet
Blue Origin successfully launched its huge New Glenn rocket on Thursday with a pair of Nasa spacecraft destined for Mars. It was only the second flight of the rocket that Jeff Bezos’s company and Nasa are counting on to ferry people and supplies to the moon.
The 321ft (98-meter) New Glenn blasted into the afternoon sky from the Cape Canaveral space force station, sending Nasa’s twin Mars orbiters on a long journey to the red planet. Liftoff was stalled for four days by inclement local weather as well as solar storms strong enough to paint the skies with auroras as far south as Florida.
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